Nautic Partners
| Company type | Private |
|---|---|
| Industry | Private equity |
| Predecessor | Fleet Equity Partners (division of Fleet Bank) |
| Founded | 1986 |
| Headquarters | Providence, Rhode Island , United States |
Area served | United States |
| Products | Leveraged buyout transactions involving middle market enterprises within healthcare, industrial products, and outsourced services sectors |
| Website | www |
Nautic Partners is a private equity firm that focuses on leveraged buyout transactions involving middle market enterprises within the healthcare, industrial products, and outsourced services sectors.
History
Headquartered in Providence, Rhode Island, the company originated in 1986 under the name Fleet Equity Partners as a division of Fleet Bank. Initially, its investments were limited to the bank's capital, but it began incorporating external investors starting in 1993. By 2000, Nautic Partners emerged as an autonomous private equity firm, with the majority of funding for its fifth fund coming from outside investors, while Fleet retained a minority interest.
Among its significant investments are Prince Sports, Fibertech, Big Train Coffee, and R2C Group. The firm also formerly held ownership of Skyline Chili. Its healthcare-related holdings have included All Metro Health Care, Gaymar, and Family Physicians Group.
In 2010, Nautic completed the sale of medical device manufacturer Medegen to CareFusion. Five years later, it acquired Source4Teachers, an outsourced substitute teacher service based in New Jersey. The firm purchased Endries International from Ferguson Enterprises in 2016 and later divested it to MSD Partners in 2018.
In March 2020, Nautic collaborated with management teams to acquire Harrington Industrial Plastics. Then, in December 2021, Blackstone Group secured a minority equity position in Nautic Partners.
External links
- Nautic Partners (official website)